Zerodha

Zerodha Stock Trading, Demat, Brokerage and Reviews 2017

Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage) for trading in Stock, Commodity and Currency Derivative. It charges brokerage of 0.01% or Rs 20 per executed order, whichever is lower, irrespective to number of shares or their prices (Except equity delivery trades which is free). With Zerodha maximum brokerage you pay for any transition is Rs 20 for an order (of any size and in any segment). Zerodha doesn’t have minimum brokerage.

Incorporated in 2010; Zerodha is first and No. 1 discount broker in India by volume, number of customers and growth. In short span of 3+ years, Zerodha contributes to over 2% (Rs 4 to 6k Cr) of the NSE total turnover; among 10,000+ brokers offering services to retail investors and traders.

Like other online stock trading companies, Zerodha offers trading services to buy & sell stocks, futures & options (in Equity, Currency & Commodity segments). Zerodha’s share trading platform is powered by Omnesys ‘NEST Trader’. All trading platforms including trading terminal, website and mobile trading are made available to its customer for free of charge.

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Zerodha’s brokerage structure is extremely simple and very easy to understand. Customer who moved to Zerodha has reported 80 – 90% saving in brokerage they pay to full-service brokers. Zerodha is among the most technologically advance and cheapest stock broker in India for all kind of investors including people who trader just a few times in a month to day traders who execute 100’s of trades each day.

Zerodha offers stock trading account and demat account services. Customer pays the fees, commission and taxes while trading with Zerodha. Zerodha fee structure and trading commission rates are explained as below.

Zerodha Account Opening Fee / Annual Maintenance Charges (AMC)

To open Zerodha account you have to pay account opening charges and annual maintenance charges (AMC).

Zerodha account opening charge & Zerodha AMC 2017
Transaction Fee
Trading Account Opening Charges (One Time) ₹300
Trading Annual Maintenance Charges AMC (Yearly Fee) ₹0 (Free)
Demat Account Opening Charges (One Time) ₹100
Demat Account Annual Maintenance Charges AMC (Yearly Fee) ₹300

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Zerodha Brokerage Charges 2017

Customer pays commission (brokerage) when buying or selling stocks through Zerodha. The brokerage charges for equity, commodities and currency derivative trading for Zerodha are explain as below.

Zerodha Brokerage Plan – Standard Plan
Segment Brokerage Fee
Flat Monthly Fee
Equity Delivery ₹0 (Free)
Equity Intraday ₹20 per trade
Equity Futures ₹20 per trade
Equity Options ₹20 per trade
Currency Futures ₹20 per trade
Currency Options ₹20 per trade
Commodity ₹20 per trade

Zerodha Demat Account Charges 2017

The demat account transactions are charged separately from trading commission. Find Zerodha demat account charges 2017.

Zerodha Depository Service Charges for Resident Retail Customers
ID Transaction Detail Fee for POA Clients
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals) Rs 50
3 Annual Maintenance Charges (AMC):
a. Individuals Rs 300 Per Year (Payable upfront every year)
b. Corporates Rs 1000 (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
a. Buy (Receive) Rs 0
b. Sell(Debit) Rs 8 + Rs 5.50 flat for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
a. Buy (Receive) NIL
b. Sell(Debit) 0.03% or Rs 25 whichever is higher
6 Demat (Per certificate) Rs 10
7 Remat (Per ISIN) Rs 15
8 Courier charges per Demat/ Remat request Rs 50
9 Pledge per ISIN Rs 20 + Rs 12 (depository charges)
10 Unpledge per ISIN Rs 20 + Rs 12 (depository charges)
11 Pledge Invocation per ISIN Rs 20
12 Periodic Statement:
a. By Email Free
b. Physical Rs 50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
a. By Email Rs 10 per request
b. Physical Rs 50 per request (up to 10 pages). Additional page at Rs 5 + Rs 50 (Couier Charges)
14 Delivery Instructions:
a. First Delivery Instruction Book Free (10 leaves)
b. Every Additional Booklet Rs 100 (10 leaves)
15 Cheque Bounce/ Per cheque Rs 350
16 Failed Transactions Rs 50 per transaction
17 Modification in CML Rs 25 per request
18 KRA Upload / Download Rs 50

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Zerodha Transaction Charges / Turnover Charge

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges.

Zerodha transaction charges
Segment Transaction Fee
Equity Delivery NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Intraday NSE ₹325 per crore | BSE ₹1 per trade (each side)
Equity Futures NSE ₹210 per crore | BSE ₹1 per trade (each side)
Equity Options NSE ₹5300 per crore | BSE ₹1 per trade (each side)
Currency Futures NSE ₹135 per crore (0.00135%)
Currency Options NSE ₹4400 (on premium) per crore (0.044%)
Commodity Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore

Frequently Asked Questions about Zerodha Trading / Demat Accounts

Do you have questions about Zerodha share trading account or Zerodha demat account?

Get all your share trading doubts and questions answered by reading the Zerodha demat, trading account information FAQ. All Zerodha questions, Zerodha q&a, Zerodha faq and Zerodha questions and answers.

  1. Which type of stockbroker Zerodha is?Discount Broker
  2. In which stock or commodity exchanges in India I can trade through Zerodha?Zerodha offers trading at – NSE, BSE, MCX and NCDEX.
  3. How much does Zerodha charges for account opening?Zerodha charges ₹300 to open trading account.
  4. Is there an Annual Maintenance Charge for Zerodha trading account? How much is the Zerodha’s AMC for trading account?₹0 (Free)
  5. How much does Zerodha charges for Demat Account opening?₹100
  6. How much is the yearly Demat Account Maintenance Charges with Zerodha?₹300
  7. Is Demat Account Mandatory with trading account at Zerodha?No, Demat Account is not mandatory when opening trading account with Zerodha.
  8. What are the Zerodha’s brokerage charges for Equity Delivery Trading?₹0 (Free)
  9. How much does Zerodha charge for Equity Intraday Trading (Day Trading of Shares)?₹20 per trade
  10. What are the Zerodha’s equity futures brokerage charges?₹20 per trade
  11. How much does Zerodha charges for Equity Options Trading in India?₹20 per trade
  12. What are Zerodha’s Commodity Brokerage Charges?₹20 per trade
  13. What are Zerodha Currency Derivatives (Future) Brokerage Charges?₹20 per trade
  14. Zerodha Currency Derivatives (Options) Brokerage Charges?₹20 per trade
  15. How much is the Minimum Brokerage charged by Zerodha?Rs 0
  16. What are Zerodha’s transaction charges for Equity Delivery Trading?NSE ₹325 per crore | BSE ₹1 per trade (each side)
  17. What are ‘s transaction charges for Equity Intraday Trading (stock day trading)?NSE ₹325 per crore | BSE ₹1 per trade (each side)
  18. What are the Equity Futures Transaction Charges at Zerodha?NSE ₹210 per crore | BSE ₹1 per trade (each side)
  19. Zerodha transaction charges for Equity Options Trading?NSE ₹5300 per crore | BSE ₹1 per trade (each side)
  20. Zerodha transaction charges for futures (Currency Derivatives Trading)?NSE ₹135 per crore (0.00135%)
  21. Zerodha transaction charges for options (Currency Derivatives Trading)?NSE ₹4400 (on premium) per crore (0.044%)
  22. How much is the transaction charge for commodity trading at Zerodha ?Non-Agri ₹360 (0.0036%) | Agri ₹275 per Crore
  23. Does Zerodha offer Equity (Share) Trading?Yes; you can trade in equity segment with Zerodha.
  24. Can I buy / apply for an IPO through Zerodha?No; you can’t apply in IPO’s if you have trading account with Zerodha.
  25. Does Zerodha offer investing in Mutual Funds?Yes; you can buy / sell Mutual Fund’s if you have trading account with Zerodha.
  26. Can I buy or trade Bonds and NCD’s with Zerodha?No; you cannot trade in bonds and NCD’s with Zerodha.
  27. Does Zerodha offer Commodity Trading?Yes; you can trade in commodity segment with Zerodha.
  28. Does Zerodha offer Currency Derivative Trading?Yes; you can trade in currency derivative segment with Zerodha.
  29. Does Zerodha stock broking company provide mobile trading application? Can I trade through mobile phones with Zerodha?Yes; cell phone apps are available to trade on phone with Zerodha.
  30. Can I open 3-in-1 account with Zerodha? Account which include share trading account, demat account and a linked bank account for seamless transitions.No; 3 in 1 accounts is not available with Zerodha.
  31. Does Zerodha offer automated trading (algorithmic trading) for retail investors in India?Yes; Zerodha offer automated trading to its retail trading customers.
  32. Does Zerodha offer After Trading Hours Order or After Market Order (AMO) or Off Market Orders? Can I place orders after trading hours; the orders which gets executed when market opens next time? Can I place an order when the market is closed?Yes; you can place ‘After Trading Hours’ Order with Zerodha. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allows to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on non trading day (weekends or trading holidays).Note: After hour facility for order placement may not be available certain segments. Please check with the broker for more detail about this service.
  33. Can I place Good Till Cancelled (GTC) orders though Zerodha? With Good Till Cancelled trading orders; order remains in the system until you cancels it or they gets executed.No; you can’t place GTC Orders with Zerodha.
  34. Does Zerodha offer Margin Funding for share / commodity trading?No; Margin funding is not available when trading with Zerodha.
  35. Does Zerodha back-office provide combined ledger for Equity and Commodity?No; combined ledger for Equity and Commodity is not available when trading with Zerodha.
  36. Zerodha uses which trading platform or trading software?Pi, Kite, NEST
  37. What is the Intraday Square-off Time for Intraday Trading in Equity segment at Zerodha?3:10 PM
  38. Does Zerodha offer 24×7 customer service?No; Zerodha doesn’t provide 24×7 customer service.
  39. Does Zerodha provide customer support though online Chat on website?No; Zerodha doesn’t provide customer service through Chat service online.
  40. Does Zerodha has a toll free phone number for customer support?No; Zerodha doesn’t provide toll free number for customer support.
  41. Does Zerodha offer customer service through local branch offices?No; Zerodha doesn’t offers customer service through local branch offices, local partners or franchises.
  42. Does Zerodha publish Daily Market Research Reports?No
  43. Does Zerodha provide any Stock/Commodity trading tips or investment strategies to its customers?No; Zerodha doesn’t provide free tips for stock and commodity trading to its customers.
  44. What does word Zerodha mean?Zerodha = Zero + RodhaRodha is a Sanskrit word. It means barriers.This Zerodha means “No-barriers”. The word Zerodha shows company’s commitment to offer cheapest brokerage to Indian investors.
  45. How long Zerodha is in broker business?Zerodha started its brokerage business on 15th August 2010.
  46. Does a discount broker like Zerodha can really make a profitable business by offering trades at Rs 20?Hard to believe but YES they are making excellent profits by keeping the cost very low and by increased volume of trade by customers. Here is how the discount brokerage is a profitable business in short as well as in long term:
    • Discount broker like Zerodha focuses on core brokerage business.
    • They keep their operation cost really low by not offering services like research, margin funding, local branches etc.
    • They invest heavily in technology and encourage online trading through mobile, web or installable trading terminal. Zerodha focuses on online traders and do so by being mostly online and with centralized operations in Bangalore.
    • Reduced brokerage allows traders to trade frequent which intern increase the volume. Stock exchanges offer incentives to the brokers for high volumes as it increases liquidity in the markets.
    • Almost none investment in advertizing saves big amount for Zerodha. Their customer referral model works well for slow and steady growth of the company. The customer referral program enables its customers to refer friends and earn 10% of brokerage paid by their referred friend.
    • Zerodha has other indirect source of earning. Some of this includes bank interest on the money customers keep with them, demat account charges, call & trade charges, spart of transaction fee they charge etc.
  47. How to open account with Zerodha?Would you like know more about Zerodha or ready to open account with Zerodha?Simply leave your contact information and Zerodha representative will call you in few hours.
  48. Can Zeordha arrange someone to visit me to pick up the forms?Zerodha doesn’t offer home pickup of account opening forms. You will have to courier the forms to Zerodha Bangalore office. The forms can be filled online.
  49. How long does it take to open an account with Zerodha? Once Zerodha receives the form; the equity trading and commodity trading accounts are opened within 48 hours.
  50. Brokerage of Rs 20 or 0.01% whichever is lower, what does this mean?
    • Intraday Trading – you actually pay 0.01% and on top of it; the maximum brokerage you pay is just Rs 20 per executed order.Example:
      • If you buy 100 shares of Rs 10 each share; you brokerage is 0.01% of Rs 1000; which is Rs 1.
      • If you sell 100 shares of Rs 3000 each share; your brokerage is Rs 20.
    • Delivery Trading – you pay Rs 0 brokerage. Yes its totally free with absolutely no hidden fee.Example:
      • Buy 100 shares of Rs 10 per share for delivery; the brokerage you pay is Rs 0.
      • Sell 100 shares of Rs 3000 per share for delivery; the brokerage you are charged is Rs 0.

    When you are trading stocks and if you are trading volumes are lower you get the benefit of Rs 20 or 0.01% for intraday, whichever is lower.

  51. What is an executed order?When you place an order which gets traded, it is called an executed order. You don’t pay for placing, cancelling or modifying an order; you pay only per executed order.Zerodha doesn’t charge per trade, Zerodha charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only Rs 20.Example of an order is:Buy 1000 shares of ONGCYou place a ‘buy’ order for 1000 shares of ONGC. This order may get executed in different trades (chunk) until the whole 1000 share are bought. However, Zerodha charges you only Rs 20 for the order that is placed, irrespective of how many trades it takes to complete the order. The same charge is applied for trading Equity Intraday, Delivery, F&O, Currency Derivatives and Commodity.
  52. I place an order to buy 10 lots, what if it gets traded 5 times 2 lots per trade?Zerodha doesn’t charge per trade, They charge only for an executed order. So even if an order is executed in 5 different trades it is considered only 1 executed order and you pay only Rs 20.
  53. What are call & trade charges?When customer place an order over the phone, Zerodha charge an additional charge of Rs 20 as Call & Trade Fee.Zerodha is an online broker. Zerodha prefers that customer uses its online trading platform to execute orders.Zerodha offers free installable trading terminal, website and mobile application.
  54. What are the various platforms Zerodha provide?Following is the list of trading platforms Zerodha provides to trader:
    • Zerodha Trader (Installable Trading Terminal for Windows)
    • Zerodha Trader Website
    • Zerodha Trader Mobile App for Android and Blackberry
  55. DoesZerodha provide technical charting?Yes Zerodha provide advance technical charts on its free trading terminal. Basic charting is provided on trading website.
  56. What is the internet band width requirement for Zerodha Trading Terminal?Zerodha Trader, the trading terminal provided by Zerodha requires minimum 512 Kbps internet connection for optimized performance.
  57. Does customer get leverage for intraday trading?If you use the product type as MIS, you get leverage for intraday trading.
  58. How much leverage does Zerodha provide for Intraday Equity Trading?Marginat Zerodha varies by the script and on daily basis based on the volatility in market. It’s not fixed.Zerodha provide a tool on its website to calculate margin requirements for option writing/shorting or for multi-leg F&O strategies while trading equity, F&O, commodity and currency before taking a trade.The tool is called ‘Zerodha SPAN Calculator’.
  59. What is algoZ?AlgoZ is a tool made available by Zerodha to code technical analysis strategies for automated trading. Build on top of Zerodha Trader, AlgoZ allows you to code the strategies, test them and execute them in live market.AlgoZ is available for free.
  60. How to transfer fund in Zerodha trading account?Zerodha offers 3 easy money transfer options to suite customer requirement. You can use the appropriate channel depending on your bank account. Click here to know more about Zerodha Fund Transfer.
  61. Can I open a trading account on my minor son/daughter’s name?No, Zerodha doesn’t offer trading account on minor’s name.
  62. Are there any charges if online fund transfer fails due to reason like internet disconnect?No, Zerodha doesn’t charge any fee if the instant fund transfer fails in-between for any reason.
  63. If I purchase 50 shares of Glenmark @ 800 & other 50 shares @ 790 then brokerage will be charged at (20+20) or only 20 rupees, as single script is traded but different orders are placed?Note that Equity delivery brokerage is Rs 0 with Zerodha. So you don’t pay anything.For intraday, the brokerage is changed for every ‘successfully executed order’.In the example you gave above, If both the transactions are part of 1 order then you pay only Rs 20. It doesn’t matter in how many transactions order is completed in exchange.If they are part of different orders placed, then separate brokerage of Rs 20 for each order is charged.
  64. SMS charges for daily transactions will be Re 1 per message or Re 1 per day for messages sent?SMS facility is optional and charged at Rs 1 per SMS sent.
  65. I don’t have much income, can I choose to trade in Nifty Options. I have IT Return, bank statements etc.?It doesn’t matter as long as you have enough ‘margin money’ to trade.
  66. I already have a demat a/c with Sharekhan. kindly tell the procedure to link trading a/c with it?For F&O trading you do not need demat account. But if you are planning to buy shares and hold them in your demat account, its recommended to open a new Demat account with Zerodha. It makes the transactions between your trading account and demat account very smooth. Note that Zerodha offers cheapest demat account too.But you can always link you Sharekhan demat account with Zerodha trading account by providing the information at the time or account opening or at later point of time.

About Zerodha

Zerodha is a discount stock broker offering trading services in Equity, Derivatives, Commodity and Currency segments at BSE, NSE & MCX to stock market investors in India.

Zerodha started its operations in 2010, offering deeply discounted brokerage service by leveraging the technology of online trading to keep the cost low. Zerodha disrupted the traditional online brokerage industry in just 3 years of its inception by making the discount brokerage model actually work. As of Nov 2016, Zerodha has market share of between 5% to 7% trades done at BSE & NSE.

While Zerodha is primarily focused on equity and commodity trading services, it also started offering add-on services like depository services (or demat account) and mutual funds.

Demat account is one of the key services offered by Zerodha. The service is part of its 2-in-1 account which offers customer an integrated trading account and a demat account for seamless transactions between them.

Zerodha is depository participant (DP) with Central Depository Services Limited (CDSL) depository.

Key features offered by Zerodha Demat Account include:

  • Easy online access to shares, mutual funds etc.
  • 2-in-1 account offers seamless transaction between trading and demat account.
  • Dividends credited automatically in linked bank account.
  • Low debit transaction charges for stock and mutual funds.

Zerodha DP Debit Transaction Charges

Zerodha charges Rs 13.5 per scrip (irrespective of quantity) debited from demat account when stocks are sold.

For Mutual Funds, Zerodha charges Rs 5.5 per MF (irrespective of quantity) debited from demat on redemption.

Zerodha Demat Acct Opening Fee

To open a new demat account with Zerodha, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Zerodha Demat Account Opening Charges and Zerodha AMC as below:

  • Zerodha DP Account Opening Fee: ₹100
  • Zerodha DP Account AMC: ₹300
  • Share Debit Trasaction Fee:
  • Is demat account mandatory?: No

Zerodha Demat Account Transaction Charges

Zerodha Depository Service Charges for Resident Retail Customers
ID Transaction Detail Fee for POA Clients
1 Demat Account Opening Charges Rs 0
2 Stamp Charges payable upfront (at actuals) Rs 50
3 Annual Maintenance Charges (AMC):
a. Individuals Rs 300 Per Year (Payable upfront every year)
b. Corporates Rs 1000 (Payable upfront every year)
4 Transaction Charges per ISIN (Market Trades):
a. Buy (Receive) Rs 0
b. Sell(Debit) Rs 8 + Rs 5.50 flat for every debit transaction
5 Inter Depository Transfer (Off-Market Trades):
a. Buy (Receive) NIL
b. Sell(Debit) 0.03% or Rs 25 whichever is higher
6 Demat (Per certificate) Rs 10
7 Remat (Per ISIN) Rs 15
8 Courier charges per Demat/ Remat request Rs 50
9 Pledge per ISIN Rs 20 + Rs 12 (depository charges)
10 Unpledge per ISIN Rs 20 + Rs 12 (depository charges)
11 Pledge Invocation per ISIN Rs 20
12 Periodic Statement:
a. By Email Free
b. Physical Rs 50 (Couier Charges)
13 Adhoc / Non Periodic Statement Requests:
a. By Email Rs 10 per request
b. Physical Rs 50 per request (up to 10 pages). Additional page at Rs 5 + Rs 50 (Couier Charges)
14 Delivery Instructions:
a. First Delivery Instruction Book Free (10 leaves)
b. Every Additional Booklet Rs 100 (10 leaves)
15 Cheque Bounce/ Per cheque Rs 350
16 Failed Transactions Rs 50 per transaction
17 Modification in CML Rs 25 per request
18 KRA Upload / Download Rs 50

Information about Zerodha demat account, Zerodha demat account review, Zerodha demat account charges, Zerodha demat account opening, Zerodha dp charges, Zerodha demat charges, and Zerodha dp id.